Kumowizard
Short

What goes up, must come down

FX:EURCAD   Euro Fx/Canadian Dollar
91 0 6
Weekly:
- Bullish Ichimoku setup but Price got too far too quickly above equilibrium. Kijun Sen will attract price back.
- Heikin Ashi may signal more consolidation or start of pull back this week. Candle will close only at the end of the week, but haDelta/SMA3 already signalled some decreasing momentum in last few weeks. Watch for confirmation signals!

Daily:
- Price started to swing around Kijun Sen after initial pull back. Now it seems it is unable to move back above the 26 days average , refused three times. This means increasing chance for no higher high, but for a lower low to be seen as pull back may continue, and Ichimoku setup will change towards more neutral.
- Heikin Ashi bearish signal is about to confirm that correction can continue towards 1,45-1,46 support area.

4H:
- Ichimoku setup is back to neutral after Price could not climb back above 4H Kijun Sen. Weak bearish Tenkan/Kijun cross happened.
- Heikin Ashi signal is increasingly bearish! More bearish acceleration would happen below 1,4825 - 1,4850.


I opened 0,5 risk unit initial swing short.
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